Robinhood Markets’ (HOOD) Overweight Rating Reiterated at KeyCorp

Robinhood Markets (NASDAQ:HOOD)‘s stock had its “overweight” rating reaffirmed by investment analysts at KeyCorp in a report issued on Monday,Benzinga reports. They presently have a $100.00 target price on the stock. KeyCorp’s target price would indicate a potential upside of 6.04% from the company’s current price.

A number of other research firms have also weighed in on HOOD. Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 target price on shares of Robinhood Markets in a research note on Tuesday, April 14th. Barclays decreased their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research note on Wednesday, April 29th. Jefferies Financial Group decreased their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Loop Capital set a $94.00 target price on shares of Robinhood Markets in a research note on Wednesday. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $105.96.

Robinhood Markets Stock Performance

HOOD stock opened at $94.30 on Monday. Robinhood Markets has a 12-month low of $62.92 and a 12-month high of $153.86. The stock has a market cap of $84.92 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.94 and a beta of 2.35. The business’s 50-day moving average is $76.63 and its 200 day moving average is $94.22.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities analysts forecast that Robinhood Markets will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, insider Steven M. Quirk sold 8,540 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total transaction of $725,302.20. Following the sale, the insider owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. The trade was a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of Robinhood Markets stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $77.36, for a total transaction of $420,528.96. Following the sale, the chief financial officer directly owned 47,311 shares in the company, valued at approximately $3,659,978.96. The trade was a 10.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 560,765 shares of company stock worth $40,946,840. 19.95% of the stock is owned by company insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in Robinhood Markets by 22.5% in the first quarter. Glenmede Trust Co. NA now owns 10,426 shares of the company’s stock valued at $723,000 after purchasing an additional 1,914 shares during the period. Summitry LLC purchased a new stake in Robinhood Markets in the first quarter valued at approximately $432,000. Groupama Asset Managment purchased a new stake in Robinhood Markets in the first quarter valued at approximately $260,000. J. Derek Lewis & Associates Inc. purchased a new stake in Robinhood Markets in the first quarter valued at approximately $218,000. Finally, BankChampaign National Association purchased a new stake in Robinhood Markets in the first quarter valued at approximately $739,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.